XRP cryptocurrency is a buy and sell at the below cryptocurrency exchanges:
How to choose an exchange requires consideration of many factors. The most important being:
- Safety and Security
- Customer Support
- Ease of Use
- Cost of Fees
After choosing an exchange, you will need to create an account through a sign up process.
The Account Creation process is relatively easy across all exchanges, however they may slightly different with what is required for Proof of ID.
Some even have tiers of how many transactions or dollar value can be performed depending on the amount of ID provided.
To help you buy XRP, we discuss through the elements of XRP exchanges that should be considered, give our reviews of available exchanges, and discuss the fees to buy and sell XRP.
Top 5 Cryptocurrency Exchanges
How to Buy and Sell XRP
Buy and selling XRP through an exchange is the most common and the easiest way. An exchange provides a convenient way to quickly buy and sell, it’s also the safest and secure. Of course there are many other ways that you can buy XRP.
- Buy direct from a Seller without a broker
- Work for XRP
- Mine XRP
- Gamble with XRP
While there are numerous cryptocurrency exchanges available in countries around the world, there are some important factors to be considered. The best exchanges cater for the below factors very well
There are many exchanges to choose from. Some don’t often come to mind, because the operators are offshore based but still open to residents of where you live. Cryptocurrencies are new to the world. Each country has their own laws which dictate the legality of trading in XRP and cryptocurrencies.
Not all exchanges are permitted to be used in each country. If they don’t have a license then technically it is illegal to be used. However, due to the nature of exchanges being able to be operated from anywhere in the world, it is difficult for law enforcement agencies to prevent use of offshore licensed exchanges within each country.
Safety and Security
The first and foremost area to evaluate is the safety and security provisions of a cryptocurrency exchange. Since traders intend to provide their personal as well as confidential details (bank and credit/debit card details, address, cryptocurrency wallets etc.) to the exchange’s database, it should be backed by a strong and reliable security system. The exchange has to be efficient enough to deal with any type of malware or hacker’s attack.
From a novice to a professional trader, everyone needs help/assistance in one way the other. Sometimes, they need someone to sign-up on the exchange or carry out transactions to ensure safety of their personal details. Also, the customer support has to be prompt, responsive, knowledgeable and most importantly, courteous to give respect to all clients, no matter how small or big they are. Their professionalism and legitimacy in answering questions is what wins the clients.
Arizona’s cryptocurrency exchanges provide multiple methods to their clients to deposit or withdraw funds. From using debit/credit cards (Mastercard or VISA), e-payment options (PayPal, Skrill etc.) to making wire transfers, these exchanges ensure safety of traders’ money by hook or by crook. Also, their e-wallets are responsible to simplify transactions while you will have to bear some fees or charges.
Crypto selection is important for people who want to diversify their e-wallets and deal in fiat currencies. In other words, if you are planning to acquire XRPs against USD, then there is no need to worry about this element or vice versa. Like stock exchanges, the platforms should have a huge range of cryptocurrencies so that traders are able to make the decision which suits them the best. Whether they want to invest in bigger cryptos like XRPs, Ethereum, Ripple etc. or to play a safe game, a cryptocurrency exchange should have multiple options to choose from.
Coupons and Discounts
Based on their common purpose, coupons and discounts are intended to create a win-win situation by attracting more and more clients to start trading with them. For a good cryptocurrency exchange, these offers work as a marketing tool where they can reach maximum number of people and expect to get at least 50% responses within no time. traders are rest assured of getting discounts or reductions in transaction fees.
There are two types of fees involved in cryptocurrency trading- payment fees and trading fees. The latter has been charges on the volume of cryptocurrencies being traded. The percentage usually decreases with the rise in volume. Which is why no exchange can be compared with the other.
This point refers to an Exchange’s ability to remain functional even at the time of maintenance. The exchange should be protected against bugs so that it can run without hindrance.
Top 5 XRP Cryptocurrency Exchanges Reviewed
Considering the above criteria, following are the top 5 cryptocurrency exchanges that we have listed based on the above discussed criteria
Referred to as the top XRP broker (BTC), Coinbase has always been the preference of beginners to try out their luck by investing in cryptocurrencies. Due to its simple user-interface and easy to handle mechanism, this cryptocurrency exchange has emerged as the best platform for all XRP and other cryptocurrency fans. They can carry out transactions with SEPA transfer, bank transfer, debit/credit card. with the surety of buying highly liquid cryptos. The best part is that if any trader wants to buy cryptocurrencies urgently, he/she can do it through Instant Buy with a debit card.
Coinmama is the next worthwhile cryptocurrency exchange that works for its clients effortlessly. The best part is that it is available for everyone across the globe, which means that people from anywhere can easily invest or transact in digital currencies. Its transaction fees depend upon the volume of purchase; however, money can be paid through SEPA transfer at a lower fee. Another thing that makes Coinmama a good option is the highest limitation for dealing in XRPs, especially while using credit cards. The exchange has proved itself a reliable and professional platform where traders can invest their money with ease.
Etoro is on the mission to democratize money management to open doors of financial market for everyone. Its US platform intends to bring in modern and advanced techniques and norms, while continuing to support cryptocurrency trading. Etoro lets traders to deposit funds through wire transfer, online bank transfer, bank card or e-wallet (Skrill, Neteller or PayPal), where the minimum deposit is $50. The best part of Etoro is that customers can withdraw funds whenever they want without having to pay the platform fees.
With the help of XRP ATM, it’s quite easy for potential investors to buy XRPs whenever they have enough funds available. They make the process so quick and easy that traders used to wonder whether things have been done properly or not. Here, the worth mentioning thing is that XRP ATMs charge around 5 to 10% fees against providing privacy, security and convenience of keeping personal and other details in private. This fee is literally worth the features traders will be getting.
Known for providing an escrow service, this cryptocurrency platform enables clients to find the right buyers for their XRPs. Although advertisement is a good option to go with, many have not received the required level of responses. The thing that makes LocalXRPs different from others is the in-person meeting, which is facilitated and secured by LocalXRPs have turned out to the fastest platform to acquire XRPs within a few minutes.
Minimum Legal Age
Considering the regulations from the law, a trader should be at least 18 years old to be a part of any of the cryptocurrency exchange